5213 Ocean DR #E&W Active Save Request In-Person Tour Request Virtual Tour
Emerald Isle,NC 28594
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,406 sqft
Price per Sqft $995
Subdivision Not In Subdivision
MLS Listing ID 100468232
Style Wood Frame
Bedrooms 8
Full Baths 4
HOA Y/N No
Originating Board North Carolina Regional MLS
Year Built 1980
Annual Tax Amount $5,234
Lot Size 0.344 Acres
Acres 0.34
Lot Dimensions 74x204x74x204
Property Description
Summerplace is a FULL DUPLEX oceanfront Builder-Realtor-owned, meticulously maintained, fully furnished, turnkey investment property in Emerald Isle NC on the Crystal Coast where the water glistens and the homes boast a generous setback from the road for guests' vehicles. Emerald Isle falls among the most highly-rated beaches in the South & East, and lies in highly-rated Croatan school district. Private beach access is along a new solar-lighted deck with 4 steps down to the sand! Home is 15 minutes from the NC Aquarium and 3 miles to the Bogue Island Fishing Pier, plus grocery shopping and restaurants galore. The duplex had gross revenue of $128,000 in 2022, $135,000 for 2023, and $135,000 for 4 months of 2024, the rest was owner use, annualized could be 200K+. There's room for a pool for higher rents! It is self-managed using Airbnb & VRBO. Each side has an individual PIN/Deed #, and can be resold individually. Each has 4br2ba but there are five beds on each side, so the entire duplex of 8 bedrooms sleeps 18. It was renovated 2018 and then each off-season 2021 forward including: replaced double-pane high-impact windows, replaced storm doors, interior/exterior painted, all pre-2021, raised piers replaced hot water heaters, replaced HVAC, redid smooth ceilings, new carpeting, wainscoting, new ceiling fans, can lights, painting of road-side porches, and all new decks all in winter of 22-23, hot water in all THREE new outdoor showers (2023), new granite counters and stainless appliances 2024. Owners hosted two nuptials on the deep .34 acre oceanfront lot, see photos.
There are two septic systems on site, 4BR each, scheduled to be pumped Oct 2024. Pest control is with May Exterminating. Landscaping improvements and 2nd floor upgrades planned for late 2024. Furniture, art, linens, supplies, booking & marketing credentials, as well as any 2025 bookings, all convey. You buy more than the home; it's a turnkey business. Come enjoy the view from the 16' by 16' dune deck!
Location
State NC
County Carteret
Community Not In Subdivision
Zoning RMF
Direction 70 to 58 or 70 to 24 to Emerald Isle Bridge to Emerald Drive, then 4 miles to Fairfax Rd, make a rt, then left on Ocean Drive to third house on the right.
Location Details Island
Rooms
Other Rooms Shower
Primary Bedroom Level Primary Living Area
Interior
Interior Features Master Downstairs,2nd Kitchen,Ceiling Fan(s),Furnished,Pantry
Heating Heat Pump,Electric,Forced Air
Cooling Central Air
Flooring LVT/LVP,Carpet
Fireplaces Type None
Fireplace No
Window Features Blinds
Appliance Washer,Vent Hood,Refrigerator,Range,Dryer,Dishwasher
Laundry Inside
Exterior
Exterior Feature Outdoor Shower
Parking Features Gravel,Off Street,On Site
Waterfront Description Deeded Beach Access
View Ocean,Water
Roof Type Architectural Shingle
Accessibility None
Porch Covered,Deck,Porch
Building
Lot Description Dunes,Level
Story 2
Entry Level Two
Foundation Other,Raised
Sewer Septic On Site
Water Municipal Water
Structure Type Outdoor Shower
New Construction No
Schools
Elementary Schools White Oak Elementary
Middle Schools Broad Creek
High Schools Croatan
Others
Tax ID 630419611339000 630419611441000
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None